Banks support private enterprises

Resolution No. 68-NQ/TW of the Politburo is considered a “impulse” to promote the private economy to become an important driving force of the economy. The Resolution sets out specific requirements for both the political system and the finance-banking sector, especially the supporting role of commercial banks.

Immediately after Resolution No. 68-NQ/TW was issued, many commercial banks in Ho Chi Minh City quickly implemented credit policies to support businesses.

Asia Commercial Joint Stock Bank ( ACB ) is a pioneer in realizing the resolution with a series of preferential solutions, targeting small and medium enterprises in accessing capital, expanding markets, digital transformation and sustainable development.

Mr. Tu Tien Phat, General Director of ACB, affirmed: “If the institution is the battlefield, then the enterprise is the combat force; ACB will be the place to provide resources and financial solutions for them to break through”. ACB has implemented a credit package of VND 40,000 billion: VND 20,000 billion for small and medium enterprises, VND 20,000 billion for enterprises investing in infrastructure and digital technology . This support package comes with preferential interest rates 2% lower than usual, loans without collateral, supply chain credit financing, unsecured overdrafts and long-term credit to increase competitiveness.

ACB is also a pioneer in supporting businesses in digital transformation, market development and green growth. In digital transformation activities, ACB provides a series of modern payment solutions such as QR payment, Smart POS, Open API for free, helping small businesses and business households easily manage cash flow and optimize operations.

In the market development pillar, ACB plays a bridging role, supporting businesses to reach more than 8 million customers through free networking and promotion events on the digital banking platform; at the same time, the bank also promotes consulting and providing credit to businesses implementing ESG strategies, gradually realizing the goal of green transformation and sustainable development.

As a key commercial bank in the agricultural and rural sector, the Vietnam Bank for Agriculture and Rural Development (Agribank) has implemented preferential credit programs, contributing to promoting the private economy.

Agribank Deputy General Director Phung Thi Binh said: Currently, Agribank's total outstanding loans have reached more than 1.7 million billion VND, of which more than 60% are focused on the agricultural, rural and farmer sectors - the main customer group is private economic households. Notably, of the nearly 500,000 billion VND of outstanding loans to corporate customers, up to 90% belongs to the private enterprise sector.

According to the plan assigned by the State Bank of Vietnam in 2025, Agribank is allocated a credit growth limit of 13% (equivalent to about 230,000 billion VND). Of this capital, Agribank determined that it will mainly lend to customers in the private economic sector.

At the 2025 Annual General Meeting of Shareholders, Nam A Commercial Joint Stock Bank (Nam A Bank) approved many important decisions, including setting a target of consolidated pre-tax profit of VND 5,000 billion, an increase of 10% compared to 2024.

This is considered an appropriate growth rate in the context that the entire banking industry is striving to accompany the Government's policy, supporting businesses, people and the economy towards the GDP growth target of 8% in 2025.

In parallel with promoting business activities, Nam A Bank continues to allocate resources to deploy preferential credit packages for the agriculture, forestry, fishery and social housing sectors. Specifically, Nam A Bank is implementing a lending program according to the value chain of the fishery industry with preferential interest rates from only 3.25%/year.

This is a product of the 60,000 billion VND credit package launched by the State Bank of Vietnam. Currently, this bank has increased the size of the credit package from 6,000 billion VND to 10,000 billion VND, with interest rates 1-2% lower than normal.

According to experts and bank representatives, in order for credit packages to come into practice and effectively accompany private enterprises, it is necessary to soon complete the legal corridor on credit for this sector.

ACB General Director Tu Tien Phat emphasized: The orientation of "prioritizing a portion of commercial credit for small and medium enterprises" is a positive step forward, but specific policies and a clear legal framework are still needed; in which, perfecting the model of the Credit Guarantee Fund and the Small and Medium Enterprise Development Fund to share risks with banks, while supporting potential enterprises to access capital more conveniently.

According to Agribank Deputy General Director Phung Thi Binh, to improve access to credit capital, small and medium enterprises first need to improve transparency in financial management, especially accounting books; and strengthen management capacity.

Source: https://nhandan.vn/ngan-hang-tiep-suc-doanh-nghiep-tu-nhan-post880001.html